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Dec 21, 2012
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these are all very important issues to america. >> ben, what do you make of this market? you're the hot handed trader right now. >> i'm still a buyer. you buy the dipts. if you want a protection, you had a great chance to buy the vix. >> because you think we're going to get a resolution? >> absolutely. >> what do you expect in terms of volume, in terms of this market? earlier, art cashin told us there were some stocks still to buy. >> it's a net imbalance to buy, but it's about $5 million in money rotation either side. but it's going to have an effect on every listed stock down here. expect a huge pop in volume that should add slightly to the bid on lifting this market late into the close. i would expect to see that. but, again, this is one of the days traders may live for. this is what traders live to see. >> the volatility? >> right. >> gold, you're going to nibble at gold here? >> i think as gold comes off, you want to add a little bit if you don't have any. gold is a protector of purchasing power over long periods of time. you know this very well, bill. gold drifted d
these are all very important issues to america. >> ben, what do you make of this market? you're the hot handed trader right now. >> i'm still a buyer. you buy the dipts. if you want a protection, you had a great chance to buy the vix. >> because you think we're going to get a resolution? >> absolutely. >> what do you expect in terms of volume, in terms of this market? earlier, art cashin told us there were some stocks still to buy. >> it's a net imbalance to...
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Dec 28, 2012
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simply because when you look at corporate america, the average company, bill, is generating a 16% to 17% return on equity, record free cash margins and a federal reserve that has the pedal to the metal. what you and i have talked about before repeatedly, $4 in taxes for every dollar in phantom spending cuts. that's fiscal irritation, but the health of corporate america will be what ultimately prevails. >> sounds like david has been reading your book, rick santelli. >> it does. >> big fan of rick. >> this is such a perverse world we live in, okay. let's look as what's happening. down 158 in stocks and that pushed the ten-year yield under 170, okay. >> really. let me get this straight. they can't get a deal on controlling out-of-control debt, so rates go down. i used to trade during graham/rudman and i remember when they couldn't get deficit conversations right, treasuries went down and stocks went down. oh, would i love to get back to that type of reality. >> yeah. but you had a different guy at the federal reserve at the time. >> yeah, a different guy, you know, in hindsight he was m
simply because when you look at corporate america, the average company, bill, is generating a 16% to 17% return on equity, record free cash margins and a federal reserve that has the pedal to the metal. what you and i have talked about before repeatedly, $4 in taxes for every dollar in phantom spending cuts. that's fiscal irritation, but the health of corporate america will be what ultimately prevails. >> sounds like david has been reading your book, rick santelli. >> it does....
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Dec 27, 2012
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a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like liberty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the moon and a phone in your pocket. our country's gone through a lot over the centuries and a half. but this idea isn't fragile. when times get tough, it rallies us as one. every day, more people believe in the american idea and when they do, the dream comes true. we're grateful to be a part of it. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. >>> dow down 68. to rick santelli. rick. >> this will be an unusual santelli exchange. 3.1 for p
a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like liberty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the moon and a phone in your pocket. our country's gone through a lot over the centuries and a half. but this idea isn't fragile. when times get tough, it rallies us as one. every day, more people believe in the american idea and...
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Dec 17, 2012
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we got bank of america at a new high. citi group's at a big high. but i'll tell you what's not working at all. nobody is successfully arguing to go long gold. that has not been working. even unlds performed gold overall. so despite the popularity that everybody talks about and concerns about inflation, that trade is not working. >> in the meantime, mr. stovall, right now is it too late to pick up any bargains before the end of the year? i mean, do you just write off the rest of this year and look to next year? or is there something you can do now? >> i don't think you do. we don't make forecasts based on one week in and one week out. but we still have buy recommendations which means we would buy them today. so my feeling is 40% of all election year highs occurred in december. which is twice the second best performing month. so i would tend to say get a little more confidence that there will be some sort of an agreement from washington. and i think the market does work its way higher by the end of the year. >> any areas to avoid? you know we're going
we got bank of america at a new high. citi group's at a big high. but i'll tell you what's not working at all. nobody is successfully arguing to go long gold. that has not been working. even unlds performed gold overall. so despite the popularity that everybody talks about and concerns about inflation, that trade is not working. >> in the meantime, mr. stovall, right now is it too late to pick up any bargains before the end of the year? i mean, do you just write off the rest of this year...
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Dec 19, 2012
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that is the case with bank of america. just to get caught up with the rest of the market is a catch up trade. third, i was asked to name the biggest surprise. i know i dazzled people. i think interest rates are going to go up. maybe big. you better lock in a mortgage right now if you can. i know it is counterintuitive given what the fed chief said but i'm thinking that the fed chief may not be able to stop this. it won't please anyone, particularly the ratings agencies, but we have all learned from europe and the debt debacle from last year that the downgrades, let's just say, they aren't that worrisome, now you don't want to be borrowing trillions of dollars, but remember, a deal without severe belt tightening will be good for the economy. that means rates can go higher and when you combine that with the billions that we spent after hurricane sandy you can see why rates are going down. it will produce a ton of jobs as spending has been held back while we waited for washington. certainty beckons and you want to be involved
that is the case with bank of america. just to get caught up with the rest of the market is a catch up trade. third, i was asked to name the biggest surprise. i know i dazzled people. i think interest rates are going to go up. maybe big. you better lock in a mortgage right now if you can. i know it is counterintuitive given what the fed chief said but i'm thinking that the fed chief may not be able to stop this. it won't please anyone, particularly the ratings agencies, but we have all learned...
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Dec 6, 2012
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and not only are the engines in here made in america, but engines are made in america and are exported. the glass on this phone is made in kentucky. so we have been working for years on doing more and more in the united states, next year, we will do one of our existing mac lines in the united states. >> you can see the entire interview with tim cook tonight on rock center, that's 10:00 eastern time on your local nbc station, but for now investors are watching the market. apple shares 5.31, which is close to the main lows. this is close to the next s support level on the stock and really catching a lot of people by surprise. >> it's a fiscal cliff decline. this is the greatest capital gains generator of our lifetime. i would love to see what the gains are going to be next year. but i would be saying you need to sell it. we have no idea where the capital gains are going to go, we're going to go over the fiscal cliff, what do you have to lose, the rates are going to go up. i don't think it makes any difference two tim geithner says. >> it is so widely held by so many who want to play the
and not only are the engines in here made in america, but engines are made in america and are exported. the glass on this phone is made in kentucky. so we have been working for years on doing more and more in the united states, next year, we will do one of our existing mac lines in the united states. >> you can see the entire interview with tim cook tonight on rock center, that's 10:00 eastern time on your local nbc station, but for now investors are watching the market. apple shares...
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Dec 3, 2012
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we're running a business in america. corporate america, consumer america. now it's the government's turn. not a matter of if but when something gets done. whether it's some arbitrary dade of december 31st or they kick the can down the road to february or may 14th or whatever, they'll get the deal done. they're going to get the deal done. from a psychological standpoint that will be viewed as a positive. think about it as an investor, as a whiteboard. you look at the u.s., throw if on a whiteboard, where else are you going to invest? you can't buy bonds, europe, emerging markets. you have to buy equities -- >> corporate bonds. >> maybe as part of that. but in terms of the whole total return funds you're seeing in these bond categories, you've had such rapid inflows, which is clearly a sign of a safety trade and psychological trade. they're not buying bonds based on fundamental but on fear. >> for yield. let's put aside all of this wrangling and let's say we get a deal done. we start to look at what that deal looks like. higher taxes, lower federal spending.
we're running a business in america. corporate america, consumer america. now it's the government's turn. not a matter of if but when something gets done. whether it's some arbitrary dade of december 31st or they kick the can down the road to february or may 14th or whatever, they'll get the deal done. they're going to get the deal done. from a psychological standpoint that will be viewed as a positive. think about it as an investor, as a whiteboard. you look at the u.s., throw if on a...
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Dec 10, 2012
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god bless america. >> she is always making anti-america propaganda. >> i believe there is opportunity this. i'm not an expert in any way shape or form, but i i see weaknesses and trading because investors are beginning to looseup up and let some of that exposure go. >> very good. >> thank you very much. >> always a pleasure. >> we will talk about car racing another time. >> we hope so. >> regardless of what happenes with the fiscal cliff -- here we go, long-term problems won't go along. the aging population with huge social security end spending. bill is with the competitive institute. your typical calm not controversial headline at all bill, but we appreciate you joining us. the headline is very attention-grabbing. i like some of your points. but people will push back and say, what the answer? telling grand ma, no, i'm sorry, you can't have medical care? >> look at the data, brian wp pe have two trends on a collision course and it is a slow motion train wreck. this is the tendency for young people to not get married, not form families and not have babies. the numbers are quite starts
god bless america. >> she is always making anti-america propaganda. >> i believe there is opportunity this. i'm not an expert in any way shape or form, but i i see weaknesses and trading because investors are beginning to looseup up and let some of that exposure go. >> very good. >> thank you very much. >> always a pleasure. >> we will talk about car racing another time. >> we hope so. >> regardless of what happenes with the fiscal cliff -- here...
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Dec 12, 2012
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whatever the message to america was, didn't work. how are you going -- how is the political system going to grapple with the huge things that you're talking about if nobody is prepared in a majority to vote for it? >> it's a great question. of course, you can have whatever political view you want. you can even have opinions about economics. you cannot have opinions about math. so if we want a very large entitlement state, every american will have to pay much larger taxes. where i think there's the seed of a political compromise is say, let's actually strengthen social security and strengthen medicare, but for people who really need those programs. and then slow down the rate of growth for everybody else. we ought to be able to agree on that right and left. >> glenn, great to see you. or apologies for the set snafu there. >> don't worry. good to be with you. >> glenn hubbard. >> good to be with you. >> lloyd blankfein will speak live here from new york. we'll bring it to you as it happens. that should be just after 11:00 eastern exclu
whatever the message to america was, didn't work. how are you going -- how is the political system going to grapple with the huge things that you're talking about if nobody is prepared in a majority to vote for it? >> it's a great question. of course, you can have whatever political view you want. you can even have opinions about economics. you cannot have opinions about math. so if we want a very large entitlement state, every american will have to pay much larger taxes. where i think...
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Dec 3, 2012
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and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. >>> wa year was that one? that had to be a long time ago. when was he? you weren't around. none of us. now, the indication is for a positive opening. that's just over a third of a percentage point. the strike at the port of los angeles in long beach is entering its seventh day this morning. contract talks are between clerical workers and shippers. the walkout has dramatically slowed activity. stock workers refuse to cross picket lines set up by union clishgal workers. we're going to take one more break. this is the way we do these things. we have to do a certain amount for every 60 minutes. if we have a long 15-minute period, they know we go back to back on something. if you have any questions, e-mail us squawk@cnbc.com. becky will see it. i won't. follow us on twitter. @cnbc.com is our handle. up next, dominos, the comp
and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. >>> wa year was that one? that had to be a long time ago. when was he? you weren't around. none of us. now, the indication is for a positive opening. that's just over a third of a percentage point. the strike at the port of los angeles in long beach is entering its seventh day this...
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Dec 10, 2012
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a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like liberty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the moon and a phone in your pocket. our country's gone through a lot over the centuries and a half. but this idea isn't fragile. when times get tough, it rallies us as one. every day, more people believe in the american idea and when they do, the dream comes true. we're grateful to be a part of it. >>> asian markets are higher overnight as china showed optimism. industrial production hitting eight-month highs in november. the chief china equity strategist for goldman sachs joins us on the phone from hong kong. nice to have you back on cnbc. >> good morning. >> let's recap the date a we have. industrial production up over 10%. retail sales up over 14%. electricity production of 7.9%. now, for most people who may not directly invest in china, does this
a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like liberty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the moon and a phone in your pocket. our country's gone through a lot over the centuries and a half. but this idea isn't fragile. when times get tough, it rallies us as one. every day, more people believe in the american idea and...
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Dec 18, 2012
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high yield, corporate america, still around 6.5% and loans are around 5% and a more short duration assets. she should be trading at the higher end of the market. >>> when when we talked to david tepper, he said equities are the better value at this point. would you agree with that? >> yeah. i think if we get past this fiscal plan, all likelihood is next year will be a positive year. think about what can drive equity returns next year, it will be more about multiple expansion. he think there will be some leverage growth. where are you going the drive equity returns will be if multiples increase and really drive equity valuations. the high yield market in a lower growth stable market is going to get you good, stable returns with a lot less volatility. we do like some equities here, but we also like the credit markets and the loan markets. >> kevin, why doebts you weigh in on where things stand right now. we know what the fed is doing at this point. if washington gets its act together and we see some sort of an agreement, does that change the situation drastically? >> well, the market moved
high yield, corporate america, still around 6.5% and loans are around 5% and a more short duration assets. she should be trading at the higher end of the market. >>> when when we talked to david tepper, he said equities are the better value at this point. would you agree with that? >> yeah. i think if we get past this fiscal plan, all likelihood is next year will be a positive year. think about what can drive equity returns next year, it will be more about multiple expansion. he...
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Dec 20, 2012
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we've delivered over 600 in north america so far. it's a huge success. it's the quickest car in its segment. it has a carbon fiber construction. a lot of formula one drive technology. 0 to 60 in about three seconds and a quarter of a mile in under 11 seconds. >> you said you can roll down the back so you can still hear the engine. must be a really cool sound, right? >> you sure can. let me finish closing up -- >> the back? >> yeah, andrew, you had to keep your finger on that thing. >> here we go. >> might open now. >> open up. >> that's okay. we can open it and start. >> yeah. >> all right. >> i'll back up with my mike back here. >> wow. >> it's pretty. >> i think you're talking to me telling me we need to go, right? >> we do need to go. >> can't hear. >> you square for the quality, not at the quality, i mean it's not going to be like some british car where you got to drop the engine to change the wiper blade, right? >> you make this car in our technology center just outside of london, the same place where our formula one cars are designed and built. >>
we've delivered over 600 in north america so far. it's a huge success. it's the quickest car in its segment. it has a carbon fiber construction. a lot of formula one drive technology. 0 to 60 in about three seconds and a quarter of a mile in under 11 seconds. >> you said you can roll down the back so you can still hear the engine. must be a really cool sound, right? >> you sure can. let me finish closing up -- >> the back? >> yeah, andrew, you had to keep your finger on...
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Dec 17, 2012
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but this is america. i know samsung's better, the wireless works better, europe doesn't have the right sink syn apple. >> on that point, some analysts staying firm on their target. topeka with their famous 1,111. brian's not moving. >> no, he's not. katie in her firing of apple as well. >> what was her qualcomm target? remember, my friend, henry had some high-priced targets. they were realized on amazon. that turned out to be one of the great stocks ever. i caution people if you're an analyst, you feel really pressured by the stock. by the stock to be negative. you feel like you've got to find some way to distance myself from apple. their doctor probably had it. but not to be too facetious about it, it's an overowned stock and getting overhanded as it goes down. let's see when the people with big profits are done taking profits. in 2013 you don't want to take a profit necessarily, because you'll have to pay higher taxes. >> speaker boehner offering $1 trillion in revenue enhancements, including higher tax
but this is america. i know samsung's better, the wireless works better, europe doesn't have the right sink syn apple. >> on that point, some analysts staying firm on their target. topeka with their famous 1,111. brian's not moving. >> no, he's not. katie in her firing of apple as well. >> what was her qualcomm target? remember, my friend, henry had some high-priced targets. they were realized on amazon. that turned out to be one of the great stocks ever. i caution people if...
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Dec 17, 2012
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this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. to(all) the gulf!ion spot on earth. it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seafood is delicious. we're having such a great year on the gulf, we've decided to put aside our rivalry. now is the perfect time to visit anyone of our states. the beaches and waters couldn't be more beautiful. take a boat ride, go fishing or just lay in the sun. we've got coastline to explore and wildlife to photograph. and there's world class dining with our world famous seafood. so for a great vacation this year, come to the gulf. its all fabulous
this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. to(all) the gulf!ion spot on earth. it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama...
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Dec 20, 2012
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let'for an idea.s - a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like liberty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the moon and a phone in your pocket. our country's gone through a lot over the centuries and a half. but this idea isn't fragile. when times get tough, it rallies us as one. every day, more people believe in the american idea and when they do, the dream comes true. we're grateful to be a part of it. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. >>> well, hopium keeps on going and now it going growing. in the netherlands, france, hong kong, poland, and, yes, even the far out british outpost of australia, the colony still hitting its highest level since last year. >> germany, the highest
let'for an idea.s - a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like liberty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the moon and a phone in your pocket. our country's gone through a lot over the centuries and a half. but this idea isn't fragile. when times get tough, it rallies us as one. every day, more people believe in the...
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Dec 4, 2012
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if we're going to invest in america, frankly, i'd rather invest in america's children than in my overpriced home in california. that's the choice. >> on that note, edward, peter, thank you very much for weighing in. >> i don't disagree with them. canada has zero mortgage interest deduction and a stronger housing market. i don't disagree. >>> coming up next, we're ordering up a grand slam wedding. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. ♪ [ male announcer ] 'tis the season to discover the kid in all of us. enjoy free shipping and great
if we're going to invest in america, frankly, i'd rather invest in america's children than in my overpriced home in california. that's the choice. >> on that note, edward, peter, thank you very much for weighing in. >> i don't disagree with them. canada has zero mortgage interest deduction and a stronger housing market. i don't disagree. >>> coming up next, we're ordering up a grand slam wedding. if we want to improve our schools... ... what should we invest in? maybe new...
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Dec 27, 2012
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head to madmoney.cnbc.com. >> will a deal get done to rescue america's economy? stay with cnbc for realtime reports to see who will rise above. >> never in history has there been more doubts about this month. >> what went wrong? >> feel like the odds are stacked against you and the game not worth playing? but i know together we can win. >> jim cramer leveling the playing field for all. >> i'm not walking away from this market, and you shouldn't either. >> huddle up, america. >> "mad money" kicks off weeknights. >>> tonight i'm teaching you a novel way to fill those five slots in your portfolio, the five types of stocks that represent the new diversification, not just by sector but also by style and strategy, so that if executed correctly, you'll always own something that works and holds your interest. keeping you in the game, even when it feels so excruciating that you don't want to continue playing. stab looking at your statement and that kind of thing. at the same time, making sure you have some positions which can go much higher when times are good. what's the
head to madmoney.cnbc.com. >> will a deal get done to rescue america's economy? stay with cnbc for realtime reports to see who will rise above. >> never in history has there been more doubts about this month. >> what went wrong? >> feel like the odds are stacked against you and the game not worth playing? but i know together we can win. >> jim cramer leveling the playing field for all. >> i'm not walking away from this market, and you shouldn't either....
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Dec 11, 2012
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. >> that is a bad strategy for america. it's a bad strategy for your businesses, and it is not a game that i will play. >> but the fiscal cliff still looms. cnbc has called on lawmakers to rise would have gridlock and reach a deal. now, we're beating down their doors. live from our nation's capital, this is a cnbc special report, "mission critical, rise above d.c." >> well, the stock market riding the ups and doups of the fiscal cliff negotiations. roger altman is former treasury official under president clinton. he says he's optimistic that a deal is coming. the question, of course, is when. joining me from new york is roger altman. always nice to have you on the program. let welcome back. >> hi, how are you? >> you think a chance of getting a deal will increase and harry reid says he's pessimistic that had t will get done before christmas. what do you think? >> the financial markets themselves are becoming more optimistic, and i think that's a strong signal. second, i think the atmospherics, and senator reid's statement i
. >> that is a bad strategy for america. it's a bad strategy for your businesses, and it is not a game that i will play. >> but the fiscal cliff still looms. cnbc has called on lawmakers to rise would have gridlock and reach a deal. now, we're beating down their doors. live from our nation's capital, this is a cnbc special report, "mission critical, rise above d.c." >> well, the stock market riding the ups and doups of the fiscal cliff negotiations. roger altman is...
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Dec 28, 2012
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we spend about $90 billion a year in cap-ex restoring america's infrastructure. so these are things that are critical not only to southern but the hole utility industry. >> ed, where do you think, john, what should we do with dividends? >> i think rates are going to go up. because we already have the obama care. >> so what? >> i think we'll probably see 20% for both not counting the obama care. >> is that the right answer? >> well, i'd like to keep them as low as possible. but given that they're going to need to raise some money, my guess is they're going to go up modestly. i think 20 is probably about right. it's a better answer than ordinary income rates on dividends. but i'd like to ask tom, you know, people who point to the dividend effect also think it might be overblown because about 70% of dividend paying stocks are owned by investors, either foreigners, or in tax -- you know, tax exempt plans, retirement accounts, where tax rate doesn't matter. does that make you feel a little bit better about what might be going on in washington? >> no. look, we know tha
we spend about $90 billion a year in cap-ex restoring america's infrastructure. so these are things that are critical not only to southern but the hole utility industry. >> ed, where do you think, john, what should we do with dividends? >> i think rates are going to go up. because we already have the obama care. >> so what? >> i think we'll probably see 20% for both not counting the obama care. >> is that the right answer? >> well, i'd like to keep them as...
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Dec 13, 2012
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bank of america 2013 outlook. they are super bullish and hung a 1600 on the s&p next year and said the biggest downside risk improvement in the u.s. economy because that might get the fed to scale back. that's how you show how dependant we are and what little confidence they have of what's going on in washington. >> does that mean if we get a deal any time soon out of washington that the market rallies and the volatility ends, or what are you expecting? >> i think the volatility will end somewhat at that point. as the other guests have said, i think there is tremendous pent-up risk-on momentum here, and i think it will carry on into the new year. the investments will be worth more dollars. your dollars just might be worth a lot less. >> steve sax, are you seeing any change to the dividend strategy to sort of, you know, tying investment ideas to the tax story like capital gains and what about the dividend strategy? >> we haven't seen that yet, maria, but we will. once we get past the first of the year you'll see a
bank of america 2013 outlook. they are super bullish and hung a 1600 on the s&p next year and said the biggest downside risk improvement in the u.s. economy because that might get the fed to scale back. that's how you show how dependant we are and what little confidence they have of what's going on in washington. >> does that mean if we get a deal any time soon out of washington that the market rallies and the volatility ends, or what are you expecting? >> i think the volatility...
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Dec 5, 2012
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i've been feeling they know america. i have to know how bad america is. they do the southeast. great company. >> we've not talked a lot about the cliff today. it's been kind of refreshing. cover of "the washington post" today. why doesn't the market care, right? >> i think the market doesn't understand to some degree. there's a whole new school of thought that says it would be good. another school of thought that says it doesn't matter that much. they created the cliff to be able to drive us into recession to force compromise. it's rise above. to think that this won't mean anything is just -- i don't know. i think it's silly. >> we do have some other things to balance it out whether it is china today or -- >> freeport. i'm stunned by freeport. come on "squawk on the street" and tell us why you think this is a decent deal. >> no stranger to our airwaves. >> he should call in right now. why is this a good deal for shareholders? you have destroyed your own stock. >> we'll see you tonight, jim. when we come back, we're moments away from potential market mover. breaking news on ism
i've been feeling they know america. i have to know how bad america is. they do the southeast. great company. >> we've not talked a lot about the cliff today. it's been kind of refreshing. cover of "the washington post" today. why doesn't the market care, right? >> i think the market doesn't understand to some degree. there's a whole new school of thought that says it would be good. another school of thought that says it doesn't matter that much. they created the cliff to...
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Dec 18, 2012
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let's think about this, america. >> my outrage of the day. on that note, thank you so much for watching "street signs." >> that is a thing that makes you go hmm, and we'll see you tomorrow. "closing bell" is next right here on cnbc which is the worldwide leader in business news. >> hi, everybody. we're into the final stretch. welcome to the "closing bell." i'm maria bartiromo with the new york stock exchange. the more wall street washington is rising above, the higher the market goes. >> rejection of how john boehner's plan "b" thatty had came out with today. the major averages are all trading around two-month highs today because it seems like progress is still being made on some kind of a deal. here's where we stand right now. the dow up 98 points, was up 125 at the high, and then the white house rejected and some comments by senate majority leader harry reid on that so-called plan "b" proposal from john boehner, sort of took some of the wind out of the sails. nasdaq still up 1.25%, a 3348 and the s&p 500 index is up 12-plus points right now
let's think about this, america. >> my outrage of the day. on that note, thank you so much for watching "street signs." >> that is a thing that makes you go hmm, and we'll see you tomorrow. "closing bell" is next right here on cnbc which is the worldwide leader in business news. >> hi, everybody. we're into the final stretch. welcome to the "closing bell." i'm maria bartiromo with the new york stock exchange. the more wall street washington is...
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Dec 18, 2012
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a debate on bank of america. were you a buyer or seller today? >> technicals say you have to be a buyer. we talked ability 1425 being resistance on the way up. it was a few times and third time up went through it. now the market sets up to go anywhere between the highs we saw in 2000, 1550ish and the highest in 2009, 2007, excuse me when we publish up to 1550 as well. somewhere between 1500 and 1550, that's where we're headed. >> you need a horseshoe or hand grenade for that? >> you want me to narrow it down? 1505 to 1545 there, wise guy, trying to create the tension, i know, but that's where we're headed. >> where were you? >> up eight days in a row and euro yen at one year highs. people are putting risk. we haven't gone through this rotation on equities in debt. >> the thing i can't get my head around, when you take a look at sector, sequester sectors that would be hit hardest, they are pennies away at two week highs. take a look at financials, the military or financials, almost like the market doesnbelieves t will be a deal done or that it won
a debate on bank of america. were you a buyer or seller today? >> technicals say you have to be a buyer. we talked ability 1425 being resistance on the way up. it was a few times and third time up went through it. now the market sets up to go anywhere between the highs we saw in 2000, 1550ish and the highest in 2009, 2007, excuse me when we publish up to 1550 as well. somewhere between 1500 and 1550, that's where we're headed. >> you need a horseshoe or hand grenade for that?...
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Dec 6, 2012
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exclusive results of our cnbc all-america economic survey. back to scott and the "fast money halftime report." see you in a few. on the cliff, top lawmakers speaking on the hill this hour about that very topic, eamo eamon javers is in d.c. with the latest on the negotiations. >> well we've heard from just about everybody in town except for speaker boehner. scott it feels like we're getting some deal making behind the scenes and i'll tell you why it feels that way. we were told that yesterday speaker boehner and president obama held a phone call, it was said to be about 20, 28 minutes in length but neither side has leaked what happened on that phone call. the house republicans are not leaking, the white house just within the past hour said it's not going to tell reporters what was discussed, that's probably an encouraging sign that negotiations are taking place. last week we saw that they had a proposal and immediately house republicans leaked the white house proposal and then republicans went out of their way to say they were laughing at that
exclusive results of our cnbc all-america economic survey. back to scott and the "fast money halftime report." see you in a few. on the cliff, top lawmakers speaking on the hill this hour about that very topic, eamo eamon javers is in d.c. with the latest on the negotiations. >> well we've heard from just about everybody in town except for speaker boehner. scott it feels like we're getting some deal making behind the scenes and i'll tell you why it feels that way. we were told...
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Dec 28, 2012
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a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like liberty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the moon and a phone in your pocket. our country's gone through a lot over the centuries and a half. but this idea isn't fragile. when times get tough, it rallies us as one. every day, more people believe in the american idea and when they do, the dream comes true. we're grateful to be a part of it. >>> welcome back to tonight's methods to madness show. some of my best tricks for buying and selling stocks. truly, this is wisdom for the ages. think of me as penn and teller for the stock market. if that resonates at all for this group. pull back the curtain. how it looks for stocks to buy and stocks to sell, sell, sell. no magic, no hidden talent. disciplines that can make you "mad money" if you master them. you don't have to be a genius, you don't have
a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like liberty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the moon and a phone in your pocket. our country's gone through a lot over the centuries and a half. but this idea isn't fragile. when times get tough, it rallies us as one. every day, more people believe in the american idea and...
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Dec 4, 2012
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as between pnc and bank of america, i think bank of america has a better handle on things. >> the cliff continuing to affect companies dividend strategies. we have coach, dsw this morning, and now american eagle moving dividend payable dates to this year after oracle announced it will accelerate its fiscal '13 dividend payments into this month. the payout for larry ellison will exceed 1$198 million. when you consider potential tax rates difference, that's serious money. >> real money there where you go up as high as 41%, yeah. from where we are right now, absolutely. the most tax efficient way to deal with dividends is not to have them at all. and actually run real growth companies that don't return anything to shareholders and power everything back into your business. >> a lot of companies have more cash than they need. >> i'm just saying. >> you're a purist. warren buffett wants you to hold your stock. last night on "fast" saying most individuals we deal with do not have taxable accounts. so what. he says that, listen, we're making far too much of this. jim, directly against me on thi
as between pnc and bank of america, i think bank of america has a better handle on things. >> the cliff continuing to affect companies dividend strategies. we have coach, dsw this morning, and now american eagle moving dividend payable dates to this year after oracle announced it will accelerate its fiscal '13 dividend payments into this month. the payout for larry ellison will exceed 1$198 million. when you consider potential tax rates difference, that's serious money. >> real...
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Dec 21, 2012
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and all america. and there's been an outpouring of support to newtown, a quintessentially new england town that's rallied together, showing tremendous strength. but also resolve that there should be some action. and i hear again and again and again from people in newtown, people in connecticut and across the country, you must do something. and i think that reaction will prompt action in congress on a ban on assault weapons, also on the high-capacity clips. both were involved in this tragedy. as well as the mental health efforts, stronger enforcement, and of course, a closing of the gun show loophole that means that 40% of all gun sales in this country involve no background checks whatsoever. >> senator, will you be a part of the conversations with vice president biden as he goes about trying to craft a potential bill at least, given what we heard earlier from the -- earlier this week from the president, and can it really pass? >> there should be a conversation involving all sides. and it should be bip
and all america. and there's been an outpouring of support to newtown, a quintessentially new england town that's rallied together, showing tremendous strength. but also resolve that there should be some action. and i hear again and again and again from people in newtown, people in connecticut and across the country, you must do something. and i think that reaction will prompt action in congress on a ban on assault weapons, also on the high-capacity clips. both were involved in this tragedy. as...
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Dec 10, 2012
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that was the date that intermec announced it was obtaining bank of america merrill lynch. yes, everybody we're up for sale. >> let's get back to the economic impact of the fiscal cliff and growth prospects for 2013. joining us on set is nathan sheets, he is citigroup global head of international economics. he's also a former fed director of international finance and ian shepherdson, chief economist from pantheon economics, and our senior economics reporter, steve liesman rejoins us again. and we did, we were interrupted our conversation by this tv show, which always seems to do that. we were having like a great conversation and boom, the cameras are on. but ian, the latest thing i asked you about next year's growth. you said 2%. then year after that, 3% to 3.5%. then we got to basically to say we shouldn't be doing any tightening of any kind right now, fiscally, no tax increases, no government spending, we don't need to right now. >> let it all rise. >> the economy, in your view -- >> can i say what you said? >> euro friend? >> i'm in favor of trying euro trend. >> that's
that was the date that intermec announced it was obtaining bank of america merrill lynch. yes, everybody we're up for sale. >> let's get back to the economic impact of the fiscal cliff and growth prospects for 2013. joining us on set is nathan sheets, he is citigroup global head of international economics. he's also a former fed director of international finance and ian shepherdson, chief economist from pantheon economics, and our senior economics reporter, steve liesman rejoins us again....
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Dec 11, 2012
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particularly in latin america. the organic growth is about 6%. and that laps some very difficult 10% comparisons. one of the most exciting stories regarding tupperware is how the very populous country of indonesia has become a market. indonesia grew at a stunning 30% clip in the most recent quarter, and that was on top of a 50% increase last year. india is up, too. to me these numbers speak to the universality of these numbers and the acceptance that tupperware's product is superior to goods that can be bought in a retail store. when i asked him this morning how he can police his company and make sure that a big chunk of his sales don't go to other people whom salespeople are trying to recruit as distributors, that's the herbalife model, he made it clear that less than 10% of his customers are sellers. the company spews cash. when i asked him if he would return capital to shareholders in the form of a special dividend, he responded that the board's pondering just such an action right now. still another reason to buy this company that is at its 52
particularly in latin america. the organic growth is about 6%. and that laps some very difficult 10% comparisons. one of the most exciting stories regarding tupperware is how the very populous country of indonesia has become a market. indonesia grew at a stunning 30% clip in the most recent quarter, and that was on top of a 50% increase last year. india is up, too. to me these numbers speak to the universality of these numbers and the acceptance that tupperware's product is superior to goods...
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Dec 19, 2012
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all the time, for america. bipartisan approach that the president has presented, he's made some compromises, and i think the peeker has to do the same. that's really america at its best, and certainly in the aftermath of last friday we understand more than ever that we're all americans. we have common things, common values that we work together on, and one of them is making sure our country goes forward when it comes to our economy and not put it in dire straits. >> you know, it's really amazing to watch the back and forth, and you've got to run your state, come up with your budget. at this point with just a few days left in the year, are we already seeing this bleed into 2013 in terms of the impact of the uncertainty? >> i think there's no question the uncertainty is hurting some of our major businesses. we have companies like caterpillar and john deere that do business in our state, headquartered in illinois, and there are investment decisions obviously. they want a predictable situation, and that's why it's
all the time, for america. bipartisan approach that the president has presented, he's made some compromises, and i think the peeker has to do the same. that's really america at its best, and certainly in the aftermath of last friday we understand more than ever that we're all americans. we have common things, common values that we work together on, and one of them is making sure our country goes forward when it comes to our economy and not put it in dire straits. >> you know, it's really...
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Dec 15, 2012
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america's natural gas... putting us in control of our energy future, now. ♪ [ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing.
america's natural gas... putting us in control of our energy future, now. ♪ [ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment...
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Dec 26, 2012
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a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like liberty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the moon and a phone in your pocket. our country's gone through a lot over the centuries and a half. but this idea isn't fragile. when times get tough, it rallies us as one. every day, more people believe in the american idea and when they do, the dream comes true. we're grateful to be a part of it. >>> coming up next on the halftime report, turn 2013 into your lucky year. former staples ceo tom stenberg on which retail stocks you should buy on today's dip. finally, one stock on today's opinion. we go head to head on one of this year's talked about stocks. carl, we'll see you in 12 minutes or so. >> see you then, scott. >>> winter storm is barrelling across the u.s. it's causing problems for travelers. dave malkoff is in fishers, indiana, with the lat
a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like liberty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the moon and a phone in your pocket. our country's gone through a lot over the centuries and a half. but this idea isn't fragile. when times get tough, it rallies us as one. every day, more people believe in the american idea and...
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Dec 17, 2012
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but more importantly, america needs to face facts. our tax revenue is not the driver of our spiraling debt. which now, of course, tops $1 trillion a year, for four years going. it is our spending. and it is our entitlement spending that is the biggest culprit. and there is almost no reasonable way to get enough tax revenue to fix this problem. without serious spending cuts. look what giving up sacred cows can do for the market. the dow starting off with a 100-point game, because republicans have signaled with this move, they will rise above on this very contentious issue of tax hikes. imagine the rally we could get if democrats also admit that their sacred cows are no longer so sacresacred. maybe baby steps. let's get to bertha for today's winners and losers. bertha? >> look over here at the wall, it's kind of telling the story. we had a pretty big monster rally today in terms of most everything in the s&p 500 today, was in the green. very few losers here. we had a couple of, hp was one of the losers, jcpenney, but nothing off more th
but more importantly, america needs to face facts. our tax revenue is not the driver of our spiraling debt. which now, of course, tops $1 trillion a year, for four years going. it is our spending. and it is our entitlement spending that is the biggest culprit. and there is almost no reasonable way to get enough tax revenue to fix this problem. without serious spending cuts. look what giving up sacred cows can do for the market. the dow starting off with a 100-point game, because republicans...
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Dec 4, 2012
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that's what makes america great. we could use a little of that in washington, we might get the fiscal cliff resolved. >> great point to make. tom, good to have you on the program. thanks so much. >> nice to be here. >> thomas wilson joins us, the chairman and ceo of allstate. >>> up next, high-end dreams. we'll talk high-end real estate next. >>> later, sticker shock at the hospital. we're going over the fiscal cliff. will that coupled with obamacare kicking in sent your hospital bills through the roof? i'll talk with the head of one of the biggest hospital groups in the city. stay with us. back if a moment. [ male announcer ] this december, remember -- ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. since ameriprise financial was founded back in 1894, they've been committed to puttin
that's what makes america great. we could use a little of that in washington, we might get the fiscal cliff resolved. >> great point to make. tom, good to have you on the program. thanks so much. >> nice to be here. >> thomas wilson joins us, the chairman and ceo of allstate. >>> up next, high-end dreams. we'll talk high-end real estate next. >>> later, sticker shock at the hospital. we're going over the fiscal cliff. will that coupled with obamacare kicking...
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Dec 19, 2012
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by the way, humans did, too, in america. have you seen the numbers that the federal reserve put out last night about how much money is being -- how little debt is being taken down by citizens. we're back to levels of the '90s. federal household debt service came out last night. the percentage of disposable income is 14%, down to 10%. that's 1994 levels. >> that's a big part of morgan stanley's call on citi today. from overweight to equal weight. consumer deleveraging in their view coming to an end. and the more clarity on regulations. we are exiting this really weird period of uncertainty. rules come into focus. and if these consumer balance sheet numbers are right. next year could look different, jim. >> yes. there are a lot of assets -- look, a lot of bad loans that are becoming good loans. citi was always relatively opaque. i tried many, many times to penetrate citi holdings, which is the legacy of the core running it now. it may be good. i mean, pandit always promised me the money in holdings was money good. if you go to
by the way, humans did, too, in america. have you seen the numbers that the federal reserve put out last night about how much money is being -- how little debt is being taken down by citizens. we're back to levels of the '90s. federal household debt service came out last night. the percentage of disposable income is 14%, down to 10%. that's 1994 levels. >> that's a big part of morgan stanley's call on citi today. from overweight to equal weight. consumer deleveraging in their view coming...
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Dec 18, 2012
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bank of america with another good day overall. what got killed today, the safe havens, gold at three, almost four-month lows here. that's a classic one. we saw bonds going down as well. maria, at least for now they are telegraphing things are pretty rosy for 2013. >> all right, bob. thank you so much. bob pisani. so is high frequency trading ruining the markets? my next guest says absolutely, especially for the millions of individuals out there. a senate panel checking for computer-driven irregularities. take a look at what needs to happen to have the market a fair game for everybody. also ahead, dirty details revealed. walmart reportedly in another bribery scandal in mexico. are they the only company in your portfolio that should be looked at for bribery or not? let's hear what ken langone has to say about that having done business all over the world. back in a minute. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he
bank of america with another good day overall. what got killed today, the safe havens, gold at three, almost four-month lows here. that's a classic one. we saw bonds going down as well. maria, at least for now they are telegraphing things are pretty rosy for 2013. >> all right, bob. thank you so much. bob pisani. so is high frequency trading ruining the markets? my next guest says absolutely, especially for the millions of individuals out there. a senate panel checking for computer-driven...
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Dec 31, 2012
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that's if you break it down by every man, woman and child in america. that's the per capita fiscal cliff effect. but that effects a lot of people differently here. $26.2 million. that's the number of americans that will be caught by the amt, the alter naf tax system, unless congress comes up with a patch and that's part of the whole fiscal cliff effect. come on over here, we'll show you more. 2.1 million, that's the number of long term unemployed americans who will lose the extended benefits again if there's no fix to the fiscal cliff. $1,000, that's the amount that the average family will see a tax hike from the expiration of the payroll tax cuts. i would point out this is probably both away. both sides seem to be on board with undoing that temporary tax cut. 9% is the percent deutsche bank sees the unemployment rate up from the 7.8% where we are right now if we do go over the fiscal cliff. and then this number here, again, john harwood was talking about this, 8.2%, that's the across the board automatic cuts. fema, education, and of course state and lo
that's if you break it down by every man, woman and child in america. that's the per capita fiscal cliff effect. but that effects a lot of people differently here. $26.2 million. that's the number of americans that will be caught by the amt, the alter naf tax system, unless congress comes up with a patch and that's part of the whole fiscal cliff effect. come on over here, we'll show you more. 2.1 million, that's the number of long term unemployed americans who will lose the extended benefits...
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Dec 19, 2012
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this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. nespresso. where i never have to compromise on anything. ♪ where just one touch creates the perfect coffee. where every cappuccino and latte is only made with fresh milk. and where the staff is exceptionally friendly. ♪ nespresso. what else? can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. >>> hanging with mr. cooperman. hedge fund, titan and ceo of omega advisor. can a shipping giant deliver for investors? inching closer with washington on the first quarter? i don't know. the second hour of squawkbox begins right now. >> good morning, everybody. welcome back to "squawk box" on cnbc. i'm becky
this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. nespresso. where i never have to compromise on anything. ♪ where just one touch creates the perfect coffee. where every cappuccino and latte is only made with fresh milk. and where the...
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Dec 17, 2012
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i lean to bank of america. the paper has been there for months now. i'm talking about months. you look at this stock, now through 11, i don't think it stops until 12. i own upside. i continue to own upside. continue to add to the upside. this thing is going higher. >> up. >> giddy up. >> yeah! >> good for you. i'm melissa lee. see you tomorrow, back at 5:00 for more "fast money." mean >>> i'm jim cramer, and welcome to my world. you need to get in the game! they're going to go out of business and he's nuts! they know nothing! i always like to say there's a bull market somewhere. "mad money." you can't afford to miss it. hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends. i'm just trying to save you a little money. i'm trying to coach you here. so call me at 1-8800-743-cnbc. do we worry too much? i found myself asking that question all day as the dow surged 100 points. s&p gained 1.19%. the nasdaq climbed 1.32 prosecution. i found myself asking because the litany of worries that i hear daily on tv and read on the web would frighten
i lean to bank of america. the paper has been there for months now. i'm talking about months. you look at this stock, now through 11, i don't think it stops until 12. i own upside. i continue to own upside. continue to add to the upside. this thing is going higher. >> up. >> giddy up. >> yeah! >> good for you. i'm melissa lee. see you tomorrow, back at 5:00 for more "fast money." mean >>> i'm jim cramer, and welcome to my world. you need to get in the...
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Dec 22, 2012
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a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like liberty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the moon and a phone in your pocket. our country's gone through a lot over the centuries and a half. but this idea isn't fragile. when times get tough, it rallies us as one. every day, more people believe in the american idea and when they do, the dream comes true. we're grateful to be a part of it. >>> i always tell you please to stay the heck away from battlegrounds. stocks where there's so much heat that you'll end up withering in no man's land and that's no place for you as an investor. this week we got not one, not two, but three battleground stocks that crushed people and it's worth reviewing how horrendous they can be for your portfolio. three of the most controversial stories out there right now and controversy is something you don't want in y
a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like liberty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the moon and a phone in your pocket. our country's gone through a lot over the centuries and a half. but this idea isn't fragile. when times get tough, it rallies us as one. every day, more people believe in the american idea and...
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Dec 26, 2012
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let'for an idea.s - a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like liberty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the moon and a phone in your pocket. our country's gone through a lot over the centuries and a half. but this idea isn't fragile. when times get tough, it rallies us as one. every day, more people believe in the american idea and when they do, the dream comes true. we're grateful to be a part of it. . >>> we have breaking news in washington. no, not that news but important and sort of in the same ballpark. john harwood has the story. john? >> reporter: related news, bill. part of the administration's earth to put pressure on the cook to do something about the fiscal cliff and the debt ceiling. treasury secretary geithner sent a letter to harry reid, the senate majority leader, saying the united states government will hit its statutory debt limit on de
let'for an idea.s - a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like liberty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the moon and a phone in your pocket. our country's gone through a lot over the centuries and a half. but this idea isn't fragile. when times get tough, it rallies us as one. every day, more people believe in the...
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Dec 14, 2012
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i'm wondering how you think bank of america will do with the whole fiscal cliff situation? >> people tell me that the housing business is the one that will be hurt most by fiscal cliff, but bank of america is an inexpensive stock. not my favorite bank, but banks are trading together and bank of america will do well if we solve the fiscal cliff. that is the conclusion of the lightning round. >> the lightning round is sponsored by td ameritrade. >>> coming up, engine of growth? the power outages that followed superstorm sandy gave many homeowners a wakeup call. as the rebuild continues, could an investment in engine company briggs & stratton help plug you into a strong trend? cramer is speaking to the ceo to find out. >>> after a tough day like this she also likes to ride her bike. she knows the potential for making or losing money can pop up anytime. that's why she trades with the leader in mobile trading. so she's always ready to take action, no matter how wily... or weird... or wonderfully the market's behaving... which isn't rocket science. it's just common sense. from td
i'm wondering how you think bank of america will do with the whole fiscal cliff situation? >> people tell me that the housing business is the one that will be hurt most by fiscal cliff, but bank of america is an inexpensive stock. not my favorite bank, but banks are trading together and bank of america will do well if we solve the fiscal cliff. that is the conclusion of the lightning round. >> the lightning round is sponsored by td ameritrade. >>> coming up, engine of...
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Dec 17, 2012
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a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like liberty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the moon and a phone in your pocket. our country's gone through a lot over the centuries and a half. but this idea isn't fragile. when times get tough, it rallies us as one. every day, more people believe in the american idea and when they do, the dream comes true. we're grateful to be a part of it. >>> welcome back to "fast money." the japanese yen fell today to its lowest level in 20 months against the u.s. dollar. the move coming on the heels of a victory by the japanese liberal democratic party. with more, let's bring in emilia bordeaux. when you hear stimulus and further easing, you think of a weakened currency. what do you do here? >> that's true. well, not only did the ldp party win the election, they won what's called a super majority. that me
a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like liberty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the moon and a phone in your pocket. our country's gone through a lot over the centuries and a half. but this idea isn't fragile. when times get tough, it rallies us as one. every day, more people believe in the american idea and...
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Dec 19, 2012
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america, you are right now betting wealthier. >> if i didn't know better, i would say it is a roaring boom market. >> it feels like a growth, optimistic world. and then you say, what am i missing here? monitoris many is becoming more fashionable. well there are charts if you look at the last four years since the financial crisis. we have seen it around the world. there has been a positive relationship. there is evidence to support the theory. when you see the fed lowering interest rates, it looks for attractive. there has been some of that going on and i hope that lower yields printing this money is going to help spur some groemg. but i buy into that too, broadly. you have financials up 8%. materials and commodity stocks are up. >> and watch on that, because we are focused on the u.s. for a lot of good reasons right now. we have the new chinese government in recent days. you are seeing better data out of asia. some of the demand expected by china is influencing this demand too. does that contribute to all of this? >> totally. i'm sorry for changing the subject but i'm so tired of talk
america, you are right now betting wealthier. >> if i didn't know better, i would say it is a roaring boom market. >> it feels like a growth, optimistic world. and then you say, what am i missing here? monitoris many is becoming more fashionable. well there are charts if you look at the last four years since the financial crisis. we have seen it around the world. there has been a positive relationship. there is evidence to support the theory. when you see the fed lowering interest...
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Dec 13, 2012
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he's landed in america. we've got that story now. we also have duelling guest hosts ready to take the stage coming up at 7:00 eastern time. mat miller and joe watkins, they're going to go at it. they're going to be rising above, thinking below. more on squawk as we continue. [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. yes, it is. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. i have obligations. cute tobligations, but obliga
he's landed in america. we've got that story now. we also have duelling guest hosts ready to take the stage coming up at 7:00 eastern time. mat miller and joe watkins, they're going to go at it. they're going to be rising above, thinking below. more on squawk as we continue. [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can...
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Dec 26, 2012
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bank of america will review options for merrill lynch. behind these walls, citigroup's investment bank will shrink considerably. if that deal market returns as well as valuations, citibank could sell all its crisis tinged bad bank city holdings. about jpmorgan, it forced ceo jamie dimon to clean house, a doz doz dozen executives leave original changing roles. and mike cavanaugh, the new ceo of the investment bank and not so dark horse to succeed dimon. battles will brew over regulation. the consumer financial protection bureau will crank down on overdraft fees, a big chunk of bank revenues. >>> two key facets of the fed will reach the finish line and volcker rule completed by the end of the mid-year and the trillion dollar derivatives industry. if any of this hurts competition abroad, expect banks to sue. >> let's see how financials fair. brendan how kin, the director of research at ebn. i don't know if you had a chance to see what she had to say. do you agree with that assessment? >> i did get a chance. i have a slightly deficit take. i
bank of america will review options for merrill lynch. behind these walls, citigroup's investment bank will shrink considerably. if that deal market returns as well as valuations, citibank could sell all its crisis tinged bad bank city holdings. about jpmorgan, it forced ceo jamie dimon to clean house, a doz doz dozen executives leave original changing roles. and mike cavanaugh, the new ceo of the investment bank and not so dark horse to succeed dimon. battles will brew over regulation. the...
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Dec 7, 2012
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bank of america, i'm sorry, announcing the cuts. let me tell you what's happening. even though the markets are flat, there are some very good moves this week in computer hardware. forget apple. semiconductors had a great week. banks were up just a bit. housing for the first time in a while to the down side. gold and gold stocks had a terrible week even though gold is up a little bit today. just take a look at some of the big computer hardware names. i want to distinguish apple from the others. look how well these stocks are. seagate has had a tough time, dell has been a disaster, hewlett-packard has been a disaster. but all of them have bottomed. this is what you call real momentum play, trying to find a bottom. i can tell you the street has voted the week the bottom is there. >> you've got that right. apple down nine of 11 weeks. that's a stretch since '509. >> pretty tough time. >> thanks, bob. bob pisani. >>> take a look at eastman chemical hitting a record high. still worth noting, the company is issuing a dividend or increasing its dividend up. it will be payab
bank of america, i'm sorry, announcing the cuts. let me tell you what's happening. even though the markets are flat, there are some very good moves this week in computer hardware. forget apple. semiconductors had a great week. banks were up just a bit. housing for the first time in a while to the down side. gold and gold stocks had a terrible week even though gold is up a little bit today. just take a look at some of the big computer hardware names. i want to distinguish apple from the others....
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Dec 21, 2012
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we have strong leadership in north america. there were parts of north america where we had great strength. there were areas where we grew and we have to replicate that model across the board. last time i missed i went on to have 17 very strong quarters consecutively after that and the stock grew five-fold from that point in time. hopefully we can reproduce those results going forward. it was entirely our fault. it was bad execution. >> how are you able to do so well in europe compared to america? is that just an example of you weren't disciplined in europe and you got a lot of business? i'm trying to understand. europe is harder right now than america. >> exactly. that underscores the point that what we do nobody else can do. we want to make the offer when your wallet is out of your pocket not six months after you leave the store. you can go look in the filing cabinet that oracle or s.a.p. or microsoft has and that's the 20th century. we're all about doing things in realtime. we make you that offer when your wallet is out and y
we have strong leadership in north america. there were parts of north america where we had great strength. there were areas where we grew and we have to replicate that model across the board. last time i missed i went on to have 17 very strong quarters consecutively after that and the stock grew five-fold from that point in time. hopefully we can reproduce those results going forward. it was entirely our fault. it was bad execution. >> how are you able to do so well in europe compared to...